We are pleased to present an ideally situated double vacant lot in the Westlake submarket of Los Angeles. The property is comprised of two APN's allowing a developer the ability to create two separate projects or one larger development. APN:5160-014-012 & 013. Total land area is 9,600 square feet. Previously approved plans for a 20-residence market rate apartment development would need to be brought to current codes. The property is situated in a Transit Oriented Communities, TOC, housing incentive program. The TOC guidelines allow for a variety of density and FAR increases while only requiring one parking space per residence, regardless of the bedroom count. Lastly, ownership has also recently submitted case filing VTT-73168-SL for six small lot ordinance homes. The small lot project is pending a public hearing date.
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